Russo and Steele auction

[Stefano]

Just to clarify,the VIN will not provide the Color by itself, unless you use it to reference the registry. I'm sure you meant the door tag/body plate, located on the inside of the drivers door, which has the VIN and other pertinent build information on it. These tags are accurately reproduced by Kevin Marty.

Interesting post Howard.

ps I watched a '68 GT500 Convertible, Same Color Change Combo sell at R&S for less than $90k.

[YENKO DEUCE REGISTRY]

Thx

[tirebird]

Well, this was far more interesting reading than this morning's paper. Took a lot longer too. I have a few comments that are probably not of interest to most of the readers here. I've never bought or sold a car at auction, never attended an auction, and never watched more than a few seconds of an auction on television. In my opinion, if the auction houses want to protect their supposedly good name, then they have to eliminate this shill business. Yes, by the letter of the law, it's legal. But, by the spirit of fairness and transparency, it's sleezy. There's no better word for it. If a car has a 100k reserve and real buyers only bid 80k, then that's the real value from the buyers willing to purchase the car. Artificially inflating the value up to a possibly outdated price point, doesn't do the hobby or the real buyers any good. But, I'm probably really naive here, it's really about making money for the auction houses.

Out here in California, there are a lot of foreclosed homes being auctioned by banks. I'm sure the same situation exists where you live too. I was visiting friends recently and happened upon one of those auctions at the steps of a local courthouse. This one home, that originally sold for 750K was on the block for a minimum bid of 355k. It didn't get any bids. The bank didn't have shill in the audience to bid the minimum. Would that have been okay? I don't know the law. But I do know, on this day, the bank set an unreasonable price and the laws of supply and demand, rejected it. There was no artificial inflationary bids to unrealistically price the home at a higher value even if it didn't sell. I like that model for the auction business.

[rubbinisracing]

Stefano, you are correct! Don't you have something better to do than grade my papers?

[x Baldwin Motion]

nice to hear the mystery poster was just a kid sticking up for her old man. that I can appreciate all day long. stiffen that up with some honesty and we'll all be proud.

[YENKO DEUCE REGISTRY]

[ QUOTE ]
nice to hear the mystery poster was just a kid sticking up for her old man. that I can appreciate all day long. stiffen that up with some honesty and we'll all be proud.

[/ QUOTE ]

Double that! Can't blame a girl for that.

[x Baldwin Motion]

[ QUOTE ]
[ QUOTE ]
nice to hear the mystery poster was just a kid sticking up for her old man. that I can appreciate all day long. stiffen that up with some honesty and we'll all be proud.

[/ QUOTE ]

Double that! Can't blame a girl for that.

[/ QUOTE ]


Now get out there and shovel the snow and bring in some firewood !!!

[Stefano]

You still get a gold Star for the day.